Ford Motor Co. said that it would reduce the number of workers making its F-150 Lightning truck as demand for electric vehicles continues to weaken. About 1,400 employees will be impacted as the Rouge Electric Vehicle Center transitions to one shift beginning April 1, the Dearborn, Michigan-based automaker said Friday in a statement. The company […]
Tag: layoffs
Dell to layoff 6,650 as demand for PCs plummets
Computer manufacturer Dell is set to cut about 6,650 jobs representing 5 percent of its global workforce, according to a report from Bloomberg. Announced in a memo on Monday, Dell Co-Chief Operating Officer Jeff Clarke said that the company’s previous cost-cutting measures, such as a pause on hiring and limitations on travel, have proved insufficient, […]
Layoff landslide from tech companies in 2023
Companies across the tech industry have announced layoffs, affecting thousands of workers in the first few weeks of 2023. Sales at top tech firms have retreated from the blistering pace attained during the pandemic when billions across the world were forced into isolation. Customers stuck at home came to rely on delivery services like e-commerce […]
Over 200,000 Big Tech layoffs in last year
Explosive growth has been the norm in the tech sector for the past decade. When the Covid-19 pandemic ravaged the world and moved more of daily life online, tech hiring blazed across Silicon Valley even more. Some major tech companies, like Amazon and Facebook parent company Meta, doubled the number of people they employed to […]
Microsoft hosts private Sting concert in Davos hours before huge layoffs
On Wednesday morning Microsoft announced it was laying off 10,000 employees, about 5 percent of its total headcount, in response to lowered revenue and a “re-aligned core structure.” Hours earlier, dozens of Microsoft executives attended an exclusive, company-funded Sting concert outside of the World Economic Forum in Davos, Switzerland. The combination of the two events […]
Google to layoff 12,000 ; 6% of workforce
Google parent Alphabet is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to shake the technology sector. The cuts will affect roles across product areas and regions, CEO Sundar Pichai said in an email to employees that was posted on the company’s website Friday. Affected US […]
10,000 jobs cut at Microsoft as spending slows
Microsoft will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry. It will affect up to 5% of its global workforce and cost the business $1.2 billion in severance and reorganisation costs. Microsoft chief executive Satya Nadella said that while customer spending had grown during Covid, more people were […]
18,000 jobs cut as Amazon cites “uncertain economy”
Amazon plans to cut more than 18,000 jobs, the largest number in the firm’s history, as it battles to save costs. Most of the job losses will come from its consumer retail business and its human resources division. Boss Andy Jassy cited the “uncertain economy” for the cuts, saying it had “hired rapidly over several […]
Tech bubble bursts: tens of 1000s laid off in 2022
The tech industry has enjoyed seemingly unstoppable growth over the past five years, but in 2022 it finally hit an immovable object: a slowing worldwide economy. Tech companies big and small have eliminated tens of thousands of jobs this year as executives cite inflation, rising interest rates and lower sales in digital advertising as all […]
Twitter employees in mass exodus after Musk ultimatum
Twitter saw a fresh exodus of employees on Thursday as the company hit a deadline set by billionaire owner Elon Musk for remaining staff to commit to being “extremely hardcore” or leave the company. Departing employees posted on Twitter under the hashtag #LoveWhereYouWorked, announcing it was their last day at the social network. Twitter has […]
Amazon prepares for mass layoffs as sales slow
Amazon is preparing to cut thousands of office jobs amid slowing sales and concerns about an economic downturn, according to reports. The reductions could affect roughly 3% of office staff at the e-commerce giant – or about 10,000 people – US media reported, citing anonymous sources. The cuts are expected to affect divisions such […]
Facebook/Meta to make huge job cuts
Facebook’s parent company Meta is reportedly planning to begin large-scale lay-offs this week that will affect thousands of employees. US media reported at the weekend that the job cuts could be announced as early as Wednesday. During Meta’s disappointing third quarter results, chief executive Mark Zuckerberg said staffing might fall. “In 2023, we’re going to […]